Fautsch Leslie K. 4

What Happened

• Leslie K. Fautsch, Chief Human Resources Officer at Leidos (LDOS), received a grant of 4,099 restricted stock units (RSUs) on 2026-03-06 (reported as an award, code A) at $0 acquisition cost.
• The company withheld 474 shares on 2026-03-07 and 74 shares on 2026-03-08 (code F) to satisfy the reporting person's tax obligations; withholding occurred at $177.89 per share, totaling $84,320 and $13,164 respectively (548 shares withheld; $97,484 total).
• These withheld shares were used to cover taxes as authorized in the RSU award agreement, not sold in an open-market trade.

Key Details

• Grant (A): 4,099 RSUs; reported acquisition price $0; grant date 2026-03-06.
• Withholding (F): 474 shares @ $177.89 on 2026-03-07 ($84,320) and 74 shares @ $177.89 on 2026-03-08 ($13,164). Total withheld = 548 shares (~$97,484).
• Vesting: RSUs vest in three equal annual installments (33 1/3% each), beginning March 6, 2027 (footnote F1).
• Withholding authorized under the award agreement (footnote F2); these were tax-withholding disposals, not open-market sales.
• Filing: Form 4 filed 2026-03-10 reporting transactions from the period of report 2026-03-06. No late-filing flag noted in the provided data.

Context

• RSU grants are compensation awards (not purchases) and typically vest over time; the reported RSUs will not fully convert to shares until vesting dates.
• Share withholding to cover taxes is routine and does not necessarily signal insider sentiment—it's an administrative step to satisfy tax obligations rather than a discretionary sale.
• Transaction codes: A = Award/Grant, F = Tax withholding (used here).